COLONIAL TRUST VII
497, 1998-03-12
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                           COLONIAL NEWPORT TIGER FUND
                                 CLASS Z SHARES

                  Supplement to Prospectus dated April 30, 1997

The Fund's Prospectus is amended as follows:

(A)  Effective  April 30,  1998,  the Fund's name is changed to  "Newport  Tiger
Fund". The Fund's address and telephone number remain unchanged.

(B)  The  Fund's   Distributor  has  changed  its  name  to  "Liberty  Financial
Investments,  Inc."  The  Distributor's  address  and  telephone  number  remain
unchanged.


NT-36/938E-0398                     March 10, 1998




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